Molina sees bump in COVID-19 inpatient costs as delta variant takes hold

Dive Brief: – A rebound in healthcare utilization and increased COVID-19 inpatient costs weighed on Molina’s bottom line for the second quarter of 2021 compared to the prior-year period, [the insurer reported Thursday.] Those trends led to a higher medical cost ratio of 88.4%. – Still, the California-based insurer posted a profit of $185 million for the quarter, down from $276 million when insurers were benefiting financially from the pandemic amid steep declines in patient care.

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2021-07-29 18:13:00